Bordeaux, the six-time Ligue 1 champions, have relinquished their professional status after being relegated from Ligue 2 to the third division due to severe financial issues. The club failed to secure the $43.6 million needed to balance their finances, leading to their demotion by the National Directorate of Management Control (DNCG).
Renouncing Professional Status
Bordeaux announced their withdrawal from professional football, a status they had held since 1937, due to the short deadlines before the National 1 season. In a statement on July 26, they explained the necessity of this decision.
Filing for Bankruptcy
To begin restructuring, Bordeaux filed for bankruptcy with the Bordeaux Commercial Court. The club’s statement highlighted the inevitability of this step due to their financial situation.
Impact on the Club’s Future
Despite the turmoil, Bordeaux remains committed to youth development, emphasizing the importance of their academy, which has produced talents like Zinedine Zidane and Bixente Lizarazu.
Reactions and Consequences
The club’s downfall has drawn reactions from the football world, including Real Madrid’s Aurelien Tchouameni, who expressed his sadness over the situation.
Failed Takeover and Future Outlook
Bordeaux’s financial woes were worsened by a failed takeover attempt by Liverpool’s owners, FSG. With FSG pulling out, Bordeaux accepted relegation and the need for financial restructuring, including terminating player contracts and closing their training center.
Conclusion
Bordeaux’s financial mismanagement highlights the challenges faced by historic clubs. The football community will watch as Bordeaux navigates its restructuring and attempts to return to its former glory.
